The BEA Wire | BEA's Official Blog
Gross Domestic Product by Industry: First Quarter 2018
New Foreign Direct Investment in the United States, 2017
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $259.6 billion in 2017, down 32 percent from $379.7 billion in 2016.
May 2018 Trade Gap is $43.1 Billion
The U.S. monthly international trade deficit decreased in May 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $46.1 billion in April (revised) to $43.1 billion in May, as exports increased more than imports.
Coming July 27: GDP Statistics Updated to Keep Pace with Ever-Changing Economy
After five years, it’s almost time for another comprehensive update of gross domestic product and related statistics – big events at BEA that can affect decades of data.
Personal Income Rises in May
Personal income increased 0.4 percent in May after increasing 0.2 percent in April. Wages and salaries, the largest component of personal income, increased 0.3 percent in May, the same increase as in April.
GDP Increases in First Quarter
Real gross domestic product (GDP) increased 2.0 percent in the first quarter of 2018, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.2 percentage point lower than the “second” estimate released last month.
U.S. Net International Investment Position First Quarter 2018
The U.S. net international investment position decreased to −$7,888.1 billion (preliminary) at the end of the first quarter of 2018 from −$7,725.0 billion (revised) at the end of the fourth quarter of 2017.
U.S. Net International Investment Position First Quarter 2018
The U.S. net international investment position decreased to −$7,888.1 billion (preliminary) at the end of the first quarter of 2018 from −$7,725.0 billion (revised) at the end of the fourth quarter of 2017.
State Personal Income: First Quarter 2018
State personal income increased 4.3 percent at an annual rate in the first quarter of 2018, after increasing 4.7 percent in the fourth quarter of 2017. Personal income increased in all states and the District of Columbia.
U.S. Current-Account Deficit Increases in First Quarter 2018
The U.S. current-account deficit increased to $124.1 billion (preliminary) in the first quarter of 2018 from $116.1 billion (revised) in the fourth quarter of 2017. As a percentage of U.S. GDP, the deficit increased to 2.5 percent from 2.4 percent.
BEA on Track to Implement Third Phase to Combat Potential for Residual Seasonality in GDP
The U.S. Bureau of Economic Analysis is on track to soon implement the third phase of a three-pronged plan to mitigate any potential for residual seasonality in gross domestic product. That’s when seasonal patterns remain in the data even after they are adjusted for seasonal variations.